school of management studies & commerce …
TRANSCRIPT
SCHOOL OF MANAGEMENT STUDIES & COMMERCE
DEPARTMENT OF ECONOMICS
B.A ECONOMICS
PROGRAMME SPECIFIC OUTCOMES
The course has been designed in the way to make the student employable easily. The
course accommodates all the topics of economics, like Micro economics, Macroeconomics,
Indian Economy, state economy, History of economic thought, International economics,
Agricultural economics, industrial economics, Labour economics, service marketing, Fiscal
economics, monetary economics, econometrics, statistics along with English and language.
(Tamil, Hindi or French)
Students of economics department will become employable in all the government
departments (IES, IAS, IPS, and IRS, IFS, planning commission and economic analyst) and self-
entrepreneurship. They have ample quantum of employment opportunities in service sector and
having provision for higher education.
After the completion of under graduate course in economics, the successful students are
able to
Understand the characteristics of developed and developing economies especially Indian economy
Understand the features of economic development and growth
Understand the major economic variables such as GDP, GNP, Savings, Capital, Investment, employment etc., and their inter-relationship.
Understand the objectives, tools and the impact of macro economic policy on Indian economy.
Understand the objectives, tools and the impact of fiscal policy on Indian economic stability.
Understand the objectives, tools and the impact of monetary economic policy on Indian economic stability.
Understand the nature and scope of national and international trade and international financial organizations such as World Bank, IMF etc., and their significances.
Understand the important statistical and mathematical tools in order to interpret and
to build economic models for more authentications as well as to facilitate the policy
makers.
Understand the causes and the consequences of major economic problems such as
inflation, deflation, unemployment, poverty, income inequality etc., and also
understand the solution to them.
DEPARTMENT OF ECONOMICS
BOARD OF STUDIES
BOARD OF STUDIES IN ECONOMICS (UG) MEMBERS FOR
A PERIOD OF THREE YEARS (17.03.2017 – 16.03.2020)
SI.NO NAME DESIGNATION ADDRESS ACTED
1. Dr. S.N. SUGUMAR Prof & HOD Dept. of Chair-person Economics,
VELS University
2. Dr. K. RAMESH Associate Professor Presidency External College, Member
Chennai
3. Mr. N. SELVAKUMAR Assistant Manager Sales Manager
Popular Vehicle
and Services Ltd., External Member
Balaji Nagar,
Chennai. 600100
4. Dr. S. CHANDRACHUD Professor Dept. of Internal Economics, Member
VELS University
5. Dr. S. JANSIRANI Associate Professor Dept. of Internal Economics, Member
VELS University
6 Dr. S. SURESH Associate Professor Dept. of Internal Economics, Member
VELS University
7
Dr. B. CHITHIRAIRAJAN
Associate Professor
Dept. of Economics, VELS University
Internal Member
8. DR.S. SUDHA Assistant Professor Dept. of Internal Economics, Member
VELS University
Department of Economics
Curriculum
CA
END TOTAL
SEM CATEGORY TITLE OF THE SUBJECT HOURS CREDITS SEM MARKS MARKS MARKS
I CORE TAMIL/HINDI/FRENCH 5 4 40 60 100
I CORE ENGLISH 5 4 40 60 100
I CORE MICRO
5 4 40 60 100 ECONOMICS - I
I CORE STATISTICS - I 5 4 40 60 100
I DSEC FINANCIAL INSTITUTIONS
5 4 40 60 100 AND MARKETS -I
Total 25 20
II CORE TAMIL/HINDI/FRENCH 5 4 40 60 100
II CORE ENGLISH 5 4 40 60 100
II CORE MICRO
5 4 40 60 100 ECONOMICS - II
II CORE STATISTICS - II 5 4 40 60 100
II DSEC FINANCIAL INSTITUTIONS
5 4 40 60 100 AND MARKETS -II
Total 25 20
III CORE TAMIL/HINDI/FRENCH 5 4 40 60 100
III CORE ENGLISH 5 4 40 60 100
III CORE INDIAN ECONOMY I 4 4 40 60 100
III CORE MONETARY ECONOMY I 4 4 40 60 100
III DSEC OPERATION RESEARCH 4 4 40 60 100
III GEC PERSONALITY
2 2 40 60 100 DEVELOPMENT
III SEEC ETHICS AND VALUES I 2 2 40 60 100
Total 26 24
CA END
TOTAL SEM CATEGORY TITLE OF THE SUBJECT HOURS CREDITS SEM
MARKS MARKS MARKS
IV CORE TAMIL/HINDI/FRENCH 5 4 40 60 100
IV CORE ENGLISH 5 4 40 60 100
IV CORE INDIAN ECONOMY II 4 4 40 60 100
IV CORE MONETARY ECONOMY II 4 4 40 60 100
IV DSEC HUMAN RESOURCE
4 4 40 60 100 MANAGEMENT
IV AEEC ENVIRONMENTAL STUDIES 2 2 40 60 100
IV SEEC ETHICS AND VALUES II 2 2 40 60 100
Total 26 24
V CORE FISCAL ECONOMICS I 5 4 40 60 100
V CORE MACROECONOMICS I 5 4 40 60 100
V CORE ECONOMIC THOUGHT 5 4 40 60 100
V CORE LABOUR ECONOMICS 5 4 40 60 100
V CORE HEALTH ECONOMICS 5 4 40 60 100
GEC PROJECT MANAGEMENT I 2 2 40 60 100
Total 27 22
VI CORE FISCAL ECONOMICS II 5 4 40 60 100
VI CORE MACROECONOMICS II 5 4 40 60 100
VI CORE QUANTITATIVE ECONOMICS 5 4 40 60 100
VI CORE INTERNATIONAL ECONOMICS 5 4 40 60 100
VI CORE ENVIRONMENTAL
5 4 40 60 100 ECONOMICS
GEC PROJECT MANAGEMENT II 2 2 40 60 100
Total 27 22
Grand Total 132
VELS UNIVERSITY
DEPARTMENT OF ECONOMICS
B.A ECONOMICS
SYLLABUS
SEMESTER – I
Paper 1 - Languages – Tamil/English/French -I
Paper 2 - English - I
Paper 3 MICRO ECONOMICS – I
Objective : To understand fundamental elements of Economics and other theoretical background of economic concepts.(Employability)
UNIT I 12 Introduction: Definition of Economics – Adam Smith – Marshall – Robbins – Paul
Samuelson – Choice – Scarcity - Scope – Importance and Limitations of Economics - Law of Demand – Determinants of Demand – Shift in Demand curve – Law of Supply – Determinants of
Supply – Shift in supply curve – Market supply – Market Equilibrium UNIT II 12 Demand and Supply: Consumer’s Surplus - Producer’s Surplus – Price Elasticity of
Demand – Calculating Elasticity – Determinants of Price Elasticity – Application of the concept in Policy Making
UNIT III 12
Concept of Utility – Types – Features – Law of Diminishing Marginal Utility – Water Diamond Paradox – Income and Substitution Effects – Indifference Curves – Meaning – Assumptions – Properties of Indifference curves – Consumer’s Equilibrium using Indifference
Curve Analysis – UNIT IV 12
Factors of Production - Production Function – Law of Variable Proportions – Iso- Quant and Iso-Cost Lines – Producer’s Equilibrium – Law of return to scale.
UNIT V 12 Market structure – Types of Market - Perfect Competition – Meaning and features
– Equilibrium price and output determination under perfect competition in Short Run and Long
Run. Total Hours: 60
TEXT BOOKS: 1. H.L. AHUJA – Principle of Micro Economics
2. K.K. DEWETT and J.D. VERMA, Modern Economic Theory
3. H.S. AGARWAL – Micro Economics 4. M.L. SETH – Principle of Micro Economics
5. M.L. JHINGAN – Micro Economics
Course outcomes
CO1
CO2
CO3
CO4
CO5
Familiar with the definitions of economics
Understand the law of demand and law of supply
Understand the consumer behavior theories
Understand the theory of Production
Familiar with the market structure
I SEMESTER
Paper 4 CORE COURSE II – STATISTICS – I
Objective : (SKILL BASED) To understand fundamental elements of statistics and important tools which are relevant for economics
Unit I Introduction of Statictics, collection and classification of data 12
Definition – meaning – function – limitation of statistics. Collection of data – Primary
data – methods of data collection – secondary data – sources of secondary data. Classification of data – meaning and types – tabulation – difference between classification and tabulation
Unit II Classification of Data 12
Diagrammatic representation diagrammatic representation – bar diagram, simple bar diagram, multiple bar diagram, component bar diagram, percentage bar diagram, Pie diagram,
Pictogram
Unit III Graphic Representation 12
Technique of constructing graphs, graphs of one variable – graphs of two or more
variables. Graphs of frequency distributions – histogram – frequencies polygram – smooth frequency curve – cumulative frequency curve or ogives.
Unit IV Measures of Central Tendency 12
Objectives and features of good average – mean – median – mode – harmonic mean – geometric mean – merits and demerits
Unit V Measures of Dispersion and Skewness 12
Dispersion – meaning – importance – range – quartile deviation – mean – standard deviation and coefficient of variation – Skewness – Pearson and Bowley’s coefficient
Total Hours: 60
Text Book
1. Gupta S.P., Statistical Methods, Sultan Chand & Sons, New Delhi.
References
1. Pillai, R.S.N. and Bhagavathi V.S., Statistics S. Chand & Company Ltd., New Delhi.
2. P.R Vittal., Business statistics, margham publications Chennai – 600 017
Course outcomes
CO1
Familiar with the basics of statistics
CO2
Able to calculate mean median and mode
CO3
Run correlation with two variables
CO4
Can use the simple regression model
CO5
Distinguish between primary and secondary data and also
familiar with how to collect data
SEMESTER – I
Paper 5 FINANCIAL INSTITUTION AND MARKETS - I
Objective : To understand basics of financial institutions and their role in economic growth
and development (Employablity)
UNIT – I 12
Money market – meaning and scope – Components of Money Supply - Bank rate – Monetary
Policy – Banking system in India.
UNIT – II 12
Banking and Financial System – Introduction – Definition - Types of Banks – RBI’S
Regulations and Functions of Commercial Banks – Credit creation – Modern Functions of Banks.
UNIT- III 12
Capital Market – SEBI and its regulations – Non -banking Institutions in India – Stock
exchange – meaning and scope.
UNIT- IV 12
Share market – Primary and Secondary market – Types of Equities – Types of Bonds – Bonds and Equities – Types of Investments – Share Market Indices.
UNIT – V 12
Insurance – Types and need – Life and General – Role of IRDA – Financial derivatives - Types- Health Insurance – meaning and significance Total Hours: 60
Text Books:
1. Khan. M.Y (2015) Indian Financial System, Tata McGraw Hill, New Delhi.
2. Bhole (2015) Financial Institutions and Markets, Mc Graw Hill, New
Delhi.
Course outcomes
CO1
CO2
CO3
CO4
CO5
Knowledge about the concept of financial institutions
Aware of role of commercial and Central bank
Familiarity with Able to distinguish capital market operation
and money market operations
Able to distinguish capital market operation and money market
Understand Different types of Insurance policy
SEMESTER – II
Paper 1 - Languages – Tamil/English/French -II
Paper 2 - English - II
Paper 3 MICRO ECONOMICS – II
Objective : To understand different types of cost and structure of market and theories of
four factors of productions.. (Employability)
UNIT I 12
Cost: Types - Accounting Cost - Economic Cost – Classification of cost by Joel Dean – Short Run Cost Curves – Long Run Cost Curves – Revenue Curves – Total, Average and Marginal Revenue Curves – Relationship between AR and MR
UNIT II 12
Market Structure – Monopoly – Features – Price Discrimination - Kinds of Monopoly - – Simple Monopoly - Price and Output Determination under Monopoly – Discriminating monopoly
UNIT III 12
Monopolistic Competition – Features – Price and Output Determination – Oligopoly – Features – Types – Price Leadership – Kinked Demand Curve – Price Rigidity.
UNIT IV 12
Different Concepts of Rent – Ricardian Theory of Rent – Assumptions – Modern Theory
of Rent – Quasi Rent - Wages - Real Wages – Nominal Wages – Marginal Productivity Theory of Wages.
UNIT V 12 Interest and profit - Meaning – Classical, Neo-classical Theories of Interest – Keynes
Liquidity Preference Theory – Theories of Profit – Break even analysis. TEXT BOOKS:
1. H.L. AHUJA – Principle of Micro Economics
2. H.S. AGARWAL – Micro Economics
3. M.L. SETH – Principle of Micro Economics
4. M.L. JHINGAN – Micro Economics
Course outcomes
CO1
Familiarity with cost and revenue concepts
CO2
Awareness about monopoly market
CO3
CO4
Understanding Monopolistic and Oligopoly market
Understand the theories of rent and wages
CO5 Understand the theories of Interest and Profit
II SEMESTER
Paper 4 CORE COURSE II – STATISTICS – II
Objective : To analyze the economic issues through statistical support by using different statistical tools.(SKILL DEVELOPMENT)
Unit I Correlation Analysis 12
Meaning – importance – types – positive and negative – simple, partial and multiple – linear and non linear – scatter diagram – karlpearson’s coefficient – rank correlation.
Unit II Regression Analysis 12
Meaning – differences between correlation and regression – regression equation –
graphing regression lines.
Unit III Time-Series 12
Definition – components – Secular trend – seasonal variation – cyclic variation –
irregular variation. Measurement of trend – graphic method – semi average method – moving average method – method of least squares.
Unit IV Probability 12
Meaning – addition theorem – conditional probability – multiplication theorem –
mathematical expectation – random variable and probability distribution.
Unit V Theoretical Distribution 12
Discrete probability distributions – binomial – obtaining binomial coefficient – properties
and simple problems. Poisson – simple problems. Continuous probability distribution – normal distribution – properties and simple problems. Total Hours: 60
Text Book
1. Gupta S.P., Statistical Methods, Sultan Chand & Sons, New Delhi.
References
1. Pillai, R.S.N. and Bhagavathi V.S., Statistics S. Chand & Company Ltd., New Delhi.
2. P.R Vittal., Business statistics, margham publications Chennai – 600 017
Course outcomes
CO1 can apply the tool of karl Pearson rank correlation
CO2 Will run the regression model
CO3 Aware of probability analysis
CO4 Distinguish between binomial and normal distribution
CO5 Aware of distribution theories (Normal, Poisson)
SEMESTER – II
Paper 5 FINANCIAL INSTITUTIONS AND MARKETS – II
Objective : To know more about the financial part of economic issues through capital budgeting, SEBI and other financial factors.(Employability)
UNIT- I 12
Capital Budgeting – Definition – Features – need and Objectives – Banks – Regulation of
Working Capital and Finance.
UNIT-II 12
Negotiable Intitutions- Structure – Characteristics – Primary and Secondary functions –
Market Intermediaries, Stock Brokers, Underwriters, Depositories Credit Rating Agencies.
UNIT- III 12
Stock Market System – Trading, Listing, Regulation of Stock Market – Market Efficiency – NSE BSE – Online Trading System – SEBI – Guidelines for Capital Issues –Pricing – Insider Trading – Investor Protection.
UNIT- IV 12
Derivative markets – Options and Futures – Trading System –Consumer Finance –
Factoring – Leasing - Hire Purchase.
UNIT- V 12
An overview of Financial Market- Legal and Regulatory framework- Financial Sector
Reforms – SCRA- Various segments of Financial Markets – Venture Capital Financing, Mutual
Funds – Financial Information System (FIS).
Total Hours: 60
Text Books:
1. Khan. M.Y (2015) Indian Financial System, Tata McGraw Hill,
New Delhi. 2. Bhole (2015) Financial Institutions and Markets, Mc Graw Hill, New
Delhi.
Course outcomes
CO1 Aware of objectives of different types of financial institutions
CO2 Knowledge about the linkage of primary and secondary market.
CO3
CO4
CO5
Knowledge on provisions on investors protections
Able to distinguish factoring, leasing and HP
Able to do projects on Financial information system
SEMESTER – III
Paper 1 - Languages – Tamil/English/French -III
Paper 2 - English - III
Paper 3 INDIAN ECONOMY - I
Objective : To understand the features of Indian economy and all major sectors and their development (Employability)
Unit I 12
Features of Indian economy – Factors Responsible for Development – Development as
Distinct from Growth- a Comparison between Indian and other Developed Economies.
Unit II 12
Planning in India – Meaning, Process, and Approaches. Five year plans - Objectives in
general and targets and performance.
Unit III 12
Agricultural role in Indian Economy - problems of low productivity – Land Reforms – need and scope. The food problem and Green Revolution; Mechanization – Desirability and
Feasibility.
Unit IV 12
Agricultural Marketing- Regulated Markets- warehousing – Role of Agricultural Price
Commission (APC) - Procurement Policy- Buffer Stock – Dual Pricing- Role of FCI –
Agricultural Credit – Need and Sources.
Unit V 12 Industry – importance – Role of Small Scale Industry- some large scale industries (Iron &
Steel, Cotton, Textiles, Sugar, Jute, Petro- chemicals, Tea, etc.,) Industrial Sickness – causes and
measures; Industrial Policy Resolutions (of 1956, 1985& 1991) Total Hours: 60
Reference books: 1. Rudar Dutt & K.P.M Sundaram, Indian Economy,S. Chand& co.,
2. M.L Jhigan, Economics of Development & Planning, Konark Publishers,
New Delhi. 3. RBI Bulletin, Pramit Chandhury, The Indian Economy, Poverty and
Development, Vikas Publishing House, New Delhi. 4. Velayutham, Foreign Trade, Theory & Practice, S. Chand & co.,
Course outcomes
CO1
CO2
CO3
CO4
CO5
basic knowledge about Indian economy
Familiar with features of growth and development concept.
Aware of different five year plans
Aware of features of agricultural sector and agmark.
Knowledge on significance of industries and their policies
Paper 4
MONETARY ECONOMICS – I
Objective: To know functions and role of money and various theories of demand for
money.(Employability)
UNIT – I
Money – Definition and Kinds of Money – Functions of Money – Role of Money in a
Modern Economy – Socialist and Capitalist Economy – Qualities of good money
materials – Gresham’s Law
UNIT – II
The Classical Quantity theory of Money – The Cambridge Version of Quantity theory of
Money – Superiority of Cash Balance Approach over Transaction Approach – Keynesian
Theory of Demand for Money.
UNIT –III
The Supply of Money – Sources of Money Supply – The Measures of Money Supply in
India – The Theory of Money Supply – Monetary Expansion and the Money Multiplier –
Money Supply and Price Level.
UNIT – IV
Business Cycle – Characteristics of Business Cycle – Phases of Business Cycle – Types
of Business Cycle – Business Cycle and Controlled Economies – Measures to Control
Business Cycle.
UNIT – V
Inflation – Meaning and measures of Inflation – Types of Inflation – Causes and Effects
of Inflation – Inflation in India – Inflationary Gap – Stagflation and Stagnation –
Meaning.
Books for References
1. Jhingan, M.L – Monetary Economics
2. Sankaran, S – Monetary Economics
3. Vaish, M.C – Monetary Theory
4. D.N. Dwivedi – Macro Economics
Course Outcomes:
CO1 - Aware of functions and classifications of money
CO2 - Knowledge on classical theory of demand for money
CO3 - Knowledge on Supply of money
CO4 - Aware of Characteristics and effects of trade cycle
CO5 - Knowledge on causes and Types of inflation
Paper 5 OPERATIONS RESEARCH
Objective : To study the basics of linear programming and its applications in
economics(Skill Development)
UNIT I INTRODUCTION TO OPERATION RESEARCH 12
Introduction to OR – scope of OR in Business – Linear Programming problems – Formulation – Graphical method of solution.
UNIT II LINEAR PROGRAMMING PROBLEMS 12
Linear programming problems – Simplex method
UNIT III TRANSPORTATION PROBLEMS AND ASSIGNMENT PROBLEMS 12
Transportation problems – Assignment Problem
UNIT IVNETWORK ANALYSIS 12
Network Analysis: Introduction – Basic Terminologies – Critical Path Method – PERT – Float analysis
UNIT V SEQUENCING AND GAME THEORY 12
Sequencing Problems: Solution using Johnson’s Algorithm – method. Game Theory: Introduction – Two person Zero Sum Games Mixed Strategies. Total Hours: 60
Text books: 1. Resource management techniques by .Sundarasan, K.S. Ganapathy, Subramaniam, K. Ganesan – A.R. Publications – 2000. 2. Operations Research by S.D. Sharma – S. Chand & Co – 2000
References:
1. Operations research by HamdyTaha – Mcmillan Publishing company – New York
– 1995
2. Operations research by S.D. Sharma – S. Chand & Co – 2001.
Course outcomes
CO
–I
To introduce the meaning and scope of operation research
CO
–II
To give practical exposure to Linear programming problems
CO
–III
To give practical exposure to transportation and assignment problems
CO
–IV
To helps to facilitates the learning of network analysis
CO
–V
To give practical exposure to sequencing and game theory
Paper 6 PERSONALITY DEVELOPMENT
Course Objective: To make aware about the importance of personality and development in the business world. To make the students follow the good personality and create a good
relationship with others.(SKILL Development)
Unit 1 Personality Development – Introduction 12 The Concept of Personality - Dimensions of Personality – Personality Development –
Significance. The Concept of Success and Failure What is Success? – Hurdles in Achieving
Success – Overcoming Hurdles – Factors Responsible for Success – What is Failure? – Causes of Failure – Do’s and Don’ts - Regarding Success and Failure.
Unit 2 Attitudes and Values 12 Attitude – Concept – Significance – Factors Affecting Attitudes – Positive Attitude –
Advantages – Negative Attitude – Disadvantages – Ways to Develop Positive Attitude – Difference between Personalities Having Positive and Negative Attitude.
Unit 3 Motivation 12 Concept of Motivation – Significance – Internal and External Motives –Importance of
Self-Motivation – Factors leading to De-motivation – Theories of Motivation.
Unit 4 Self Esteem and Smart 12
Term Self-Esteem – Symptoms – Advantages – Do’s and Don’ts to Develop Positive
Self-Esteem – Low Self-Esteem – Symptoms – Personality having Low Self-Esteem – Positive
and Negative Self-Esteem. Developing Positive Personality – Analysis of Strengths and
Weaknesses. Concept of Goal-Setting – Importance of Goals – Dream Vs Goal – Why Goal-
Setting Fails? – Smart (Specific, Measurable, Achievable, Realistic, Time-Bound) Goals
Unit 5 Body Language, Stress Management & Time Management 12
Body Language – Assertiveness – Problem - Solving –Conflict and Stress Management – Decision-Making Skills – Positive and Creative Thinking – Leadership and
Qualities of a Successful Leader – Character Building – Team Work – Lateral Thinking – Time Management and Work Ethics.
Total Hours: 60
Topics Prescribed for Workshop/Skill Lab: 12 A) Group Discussion
B) Presentation Skill
Course outcomes
CO
–I
To understand the concept of personality development technique
CO
–II
Familiar with positive attitudes and practice
CO
–III
Knowledge about theories of motivation
CO
–IV
How to improve the self-esteem and personality
CO
–V
Aware of body language and stress & time management
Paper 7
ETHICS AND VALUES – I
Course Objective: To help the students to understand the significance of ethics and
values in business and life. To understand ethical issues and not to fall prey to unethical practices and to be socially responsible.(SKILL Development)
Unit I Introduction: 12
Need for Value education – Ethical reflection – What is ethics? - Swamy Vivekananda
Unit II Approach to life: 12
Approach to life – Happiness as goal – Historical perspective – Life in the past and present.
Unit III Kinds of Values: 12
Kinds of values – Living Excellence – Antony Robbins – Concern for others – Student’s definition - Why concern.
Unit IV Goals and human rights : 12
Use goals to help you grow – David J Schwartz – essential characteristics of human
rights – H.Victor Conde
Unit V Influence of Science and technology in Social Life 12
Social relevance of Science and technology - Economic awareness – Economic features – status of women – Mass media and values Total Hours: 60
Textbook: 1.Touchstone – synergy of values – University of Madras
Reference book : 2. In harmony – Value Education at college Level – Dept. of Ethics and Religious Studies
- Loyola College – Madras
Course outcomes
CO
–I
Aware of significance of value of life
CO
–II
Knowledge about kinds of values and approach to life
CO
–III
Familiar with prospective life style
CO
–IV
How to set goal in life
CO
–V
Role of science and technology in day to day life
SEMESTER – IV
Paper 1 - Languages – Tamil/English/French -IV
Paper 2 - English - IV
Paper 3 INDIAN ECONOMY - II
Objective : To understand different concepts of national income and recent issues like LPG, IMF, IBRD and WTO.(Employability)
Unit I 12 Industrial finance - need and sources of credit - Financial Institutions (IFCI,SFC, ICICI,
IDBI, SIDBI, IIBI, EXIM bank) Foreign Capital-various forms ( Public vs. Private and Loans vs,
Investments) FDI and FII. Unit II 12 Privatization and Economic Reforms; Public vs. Private Sector- New Economic Policy
(Liberalization, Privatization and Globalization); Economic Reforms phase-I (1985-1990); phase II 1991& after; (reforms pertain to the following policies: Fiscal, Monetary, Pricing, Industrial, Trade, public Sector, External and Foreign Investment) Common Minimum Programme (CMP).
Unit III 12 Human Resource and Economic Development; Unique demographic features in India
(growth rate, density, sex wise and age wise distribution, etc.,) New Population Policy
(Integration of Economic and Population Planning). Unemployment and Poverty: - Remedial
measures and Govt. schemes like IRDP, Micro Finance, etc., Business Process Outsourcing (BPO) - The Problems and Benefits to India.
Unit IV 12 Labour Economics; Trade Unions – Industrial Relations- (Industrial Disputes)-
Mechanization and labour problems – Labour Legislation- Social Security Schemes – recent policy changes- contributory pension schemes, etc.,
Unit V 12 Foreign Trade and Balance of Payments – Position, Problems and measures to improve
balance of payments- India in the Global Market. Functions of IMF, IBRD and WTO. Total Hours: 60
Reference books: 1. Rudar Dutt & K.P.M Sundaram, Indian Economy,S. Chand& co., 2. M.l Jhigan, Economics of Development & Planning, Konark Publishers, New
Delhi. 3. Dr. S. Sankaran, Indian Economy, Margham Publications, Chennai.
4. RBI Bulletin, Pramit Chandhury, The Indian Economy, Poverty and Development, Vikas Publishing House, New Delhi.
5. Velayutham, Foreign Trade, Theory & Practice, S. Chand & co.,
Course outcomes
CO1
CO2
CO3
CO4
CO5
Knowledge about significance and need for industrial finance
Knowledge about New economic policy - 1991.
Aware of human resource and economic development
Knowledge on the objectives of trade unions
Familiar with infrastructure of Indian economy
Paper 4
MONETARY ECONOMICS – II
Objective: To understand the structure of Indian banking system and other banking
institutions and banking policies of India .(Employability)
UNIT – I
Modern theory of Demand for Money – Keynesian Approach – Friedman’s restatement
quantity theory of Money – Gurlay and Shaw’s approach
UNIT – II
Interest – Meaning – Classical, Neo-classical, and Keynesian Theory of Interest –
Liquidity Preference and Liquidity Trap.
UNIT – III
Monetary Policy – Meaning –Objectives – Instruments of Monetary Policy in India –
Bank Rate, Repo Rate, Reverse Repo Rate, SLR, CRR – Role of Monetary Policy and
Economic Development of India
UNIT – IV
Commercial Bank – Structure and Functions – Credit Creation – Central Bank – Nature
and Principles of Central Banking – Functions of RBI in India – Organisation and
Management – RBI and Monetary Policy.
UNIT – V
Lead Bank Scheme – Objectives and Criticism of Lead Bank Scheme – Performance of
Nationalised Banks – Recommendations of National Committee on Financial System –
Role of NABARD and SIDBI in Agricultural Development – Industrial Reconstruction
Bank of India.
Books for References:
1. Gupta, S.B - Monetary Economics
2. Sethi, T.T - Monetary Economics
3. Kishore, G. Kulkarni - Modern Monetary Theory
Course Outcomes:
CO1 - Aware of Modern theory of demand for money
CO2 - Knowledge on the significance of the rate of interest.
CO3 - Knowledge on the objectives and tools of monetary policy
CO4 - Knowledge on function of commercial banks and RBI
CO5 - Aware of Lead Bank Scheme, NABARD, SIDBI and IRBI
Paper 5
HUMAN RESOURCE MANAGEMENT
Objective : To understand significance, role and planning & development of HRM
.(Employability)
Unit - I Introduction to HRM 12 Definition and concept of HRM – evolution from
Personnel Management- Importance and functions of HRM – Activities and role of HR manager – Challenges of HRM
Unit - II Human Resources Planning 12 Definition and objectives of Human Resource planning- process of Human Resource
planning factors influencing estimation of Human Resources. Concept of Recruitment-Recruitment policy-Sources of Recruitment-Selection procedure
– Promotion and demotion policy- Recruitment process outsourcing (RPO)
Unit - III Training and Development 12 Meaning and Definition- Need-Objectives-Importance of Training-Training Methods-Evaluation of Training Programme Concept of
Management Development Management Development Process and methods Evaluation of Management Development Programme
Unit - IV Performance Appraisal
Concept and objectives of performance Appraisal-
Process
Performance
12
Appraisal
Methods- Uses and limitations of Performance Appraisal
Unit - V Contemporary Issues 12 Talent management - Workplace Stress – women at work – violence at workplace – the
Moonlight effect Flexibility and Change - Managing Knowledge and Learning - Managing an
International Workforce - Developing HR Strategies – HR in electronic era. Total Hours: 60
Text Books: 1) V. P. Michael,Human Resource Management & Human Relations, Vikas Publishing House, 2007 2) P. C. Pardeshi, Human Resource Management. Nirali Prakashan pub, 2013
3) C. B. Mamoria ,Personnel Management,Himalaya Publishing,2005
4) Rao, V.S.P, Human Resource Management- Text and Cases, Excel Books, 2001
References Books:
1. Monappa & Saiyaddin: Personnel Management, McGraw Hill, 2011
2. Dessler.G: Human Resource Management, Pearson publisher, 2005
3. R.Wayne Mondy & Rober M.Noe: Human Resource Management, Pearson publisher, 2001
4. L.M.Prasad , Human Resource Management., sultan chand, 2nd
edition, 2005
Course outcomes
CO1
CO2
CO3
CO4
CO5
Basic knowledge about HRM concepts Familiar
with HRM and resource planning. Knowledge on
training and development process Knowledge on
objectives of performance appraisal Awareness
about recent issues on HRM
ENVIRONMENTAL STUDIES
Objective : To be aware of natural resources and eco system. Also to understand the value of
biodiversity and various kinds pollutions. .(Skill Development)
UNIT I INTRODUCTION 12
The multidisciplinary nature of Environment of studies – Definition - Scope and
Importance - Need for Public Awareness.
UNIT II NATURAL RESOURCES 12
Natural resources and associated problem - Renewable and Non- Renewable resources:- Forest Resources-Mineral Resources-Food Resources - Energy Resources -
Land Resources: Role of an individual in conservation of natural resources-
Equitable use of resources of sustainable lifestyles.
UNIT III ECO SYSTEM 12 Concepts of an Ecosystem - Structure and Functions of an Ecosystem - Procedures,
Consumers and Decomposers - Energy flow in the ecosystem - Food chains, Food webs and ecological pyramids - Introduction, types, Characteristics features - Structures and functions of
the following ecosystem :Forest ecosystem, Grass land ecosystem, Desert ecosystem, Aquatic ecosystem. UNIT IV BIODIVERSITY AND ITS CONSERVATION 12
Introduction - Definition, genetic, species and ecosystem diversity - Bio-geographical classification of India - Value of Bio-diversity - Bio-diversity at global, National and Local
levels - India s a mega-diversity nation - Hot-Spots of diversity - Threats to diversity: Habitats
loss, poaching of Wild life, man wild life conflicts - Endangered and Endemic species of India
In-Situ conversation of Bio-diversity.
UNIT V ENVIRONMENTAL POLLUTION AND HUMAN RIGHTS 12 Definition - Causes, effects and control measures of : Air pollution, Water pollution, Soil
pollution, Marine pollution, Noise pollution, Thermal pollution, Nuclear pollution - Soil pollution management: Causes, effects and control measures of urban and industrial wastes -
Role of an individual in prevention of pollution - Pollution – Case studies -Disaster Management – Flood, earthquakes, cyclone of landslides Environment and human health - Human rights - Value education - HIV/AIDS - Women and child welfare - Role of information technology in
Environment and Human health - Case study. Total Hours:
60 Text book: 1. Dr. Shradhasinha, Dr.Manishashukula, Dr. Ranjana Shukla, “Environmental
studies, Kurukshetra University. August 2014. References:
1. Dr. N. Arumugam, Prof.V. Kumaresan, “Environmental studies”, Saras
Publication, 2014. 2. Thangamani&ShyamalaThangamani, “Environmental studies”,Kurukshetra University. August 2013.
Course Outcomes
CO-I Understand key concepts from environment studies , political, and social analysis
as they pertain to the design and evaluation of environmental policies and institutions.
CO-II To understand and appreciate concepts and methods from renewable and non-renewable sources and their application in
environmental problem solving.
CO-III Students can acquire knowledge on ecosystem, Food Chains, and historical context of environmental issues and the links between human and natural systems.
CO-IV Students understand critically on Bio-diversity , threats for Bio-diversity and their
roles and identities as citizens, consumers and environmental actors in a complex, interconnected world.
ETHICS AND VALUES – II
Course Objective: To help the students to understand the significance of ethics and
values in business and life. To understand ethical issues and not to fall prey to unethical practices and to be socially responsible Skill Development)
Unit I Introduction: 12
Need for value education and its role in socio-economic-political development.
Unit II Approach to life: 12
Views and messages of Swamy Vivekananda on value education and ethics.
Unit III Theories of Values and ethics: 12
Theories of values & ethics and its impact on economic development and social life.
Unit IV Goals and human rights : 12
Compatibility of human life and ethics & values. Religion and values & ethics – Goals of human life.
Unit V Science and technology and ethics 12
Social responsibilities of innovators, entrepreneurs and traders – Professional ethics –
Doctors. Professors, engineers, lawyers. Politicians, public servants and civic sense of individuals.
Total Hours: 60
Textbook: 1. Touchstone – synergy of values – University of Madras Reference book
2. In harmony – Value Education at college Level – Dept. of Ethics and Religious Studies
- Loyola College – Madras.
Course outcomes
CO –I Aware of significance of values in social and political life
CO –II Familiar with views of Swami Vivekananda on Values
CO –III Familiar with Theories of values
CO –IV Aware of modern science and values
CO –V Role of individual in social life
SEMESTER V
Paper 1 FISCAL ECONOMICS –I
Objective : To understand fundamental elements of theories of taxation, public expenditure
and revenues (Employability)
UNIT – I 12
Introduction – Definition and Meaning –Scope of Public Finance – Need for
Government Activity- Distinction between Private and Public Finance
UNIT – II 12
Public Expenditure - Causes and Effects of Public Expenditure with reference to India – Relationship of Public Finance with other subjects.
UNIT – III 12 Main Sources of Public Revenue; Classification of Public Revenue – Public Receipts of
Government of India – Revenue Receipts and Capital Receipts.
UNIT – IV 12
Taxation - Definition – Characteristics – Classification of a Tax – Direct and Indirect Taxes –Canons of Taxation.
UNIT – V 12
Personal Income Tax – Categories of Income Taxed – Taxable Income of an Individual –
Capital Gains Tax- Excess Profit Tax- Expenditure Tax- Wealth Tax-Property Tax – Estate Duty- Sales Tax- Value Added Tax. Total Hours: 60
BOOKS FOR REFERENCE:
1. Tyagi.B.P.: Public Finance.
2. Dr.S.Sankaran: Fiscal Economics
3. Sundaram .K.P.M: Fiscal Economics
Course outcomes :
CO1
CO2
CO3
CO4
CO5
Aware of nature and scope of fiscal economics
Knowledge about causes and effects of public expenditure
Knowledge on classification of public renvenue
Aware of theories of taxation
Able to understand property tax, wealth tax, estate duty and
GST
Paper 2
Objective : To understand macroeconomic concepts like National income accounting,
consumption functions and determinants of investments.(skill Development)
UNIT-I 12
Nature, scope and importance of Macroeconomics- limitation-variables- Dependent and Independent – endogenous-exogenous-stock and flow-circular flow of income- four sector model
UNIT-II 12
National Income- Definition- Concepts- GNP- GDP-NNP- Personal Income- Real Income- Disposable Income- Per capita Income-Measurement of National Income- Income
Method- Expenditure Method- Product Method- Difficulties in the measurement of National
Income
UNIT-III 12
Classical Theory of Income and employment- Say’s Law of Market- Assumption-Implications of the Law
UNIT-IV 12
Consumption function- Meaning- Determining Consumption Function- Subjective and
Objective Factors- Keyn’s psychological Consumption- Theories of Consumption Function-
Absolute Income Theory- Relative Income Theory- Permanent Income Theory- Life Cycle
Hypothesis
UNIT-V 12 Investment Function-Meaning- Types-Determinants of Investments- MEC-
Factors affecting MEC- MEI- Keynesian Model of Income and Employment Determination
Total Hours: 60
Books for Reference
1. M.L.Jhingan, “Macro Economic Theory”
2. Vaish. M.C “Macro Economic Theory”
3. Sankaran. S “Macro Economics”
4. Brooman, “Macro Economics”
5. Derberg and Mc. Dougal, “Macro Economics”
Course outcomes
CO1
Aware of scope and nature of macroeconomics
CO2
Knowledge on different concepts of national income
CO3
CO4
CO5
Aware of classical theory of income and employment
Familiar with the consumption functions and MEC
Aware of investment functions and determinants
Paper 3
HISTORY OF ECONOMIC THOUGHT
Objective : To know the biography and economic views of Indian and world economists
.(skill Development)
Unit I
12
Nature
and
Significance
of
the
History
of
Economics
thought
–
Mercantilism
–
Physiocracy
Unit II
12
Classical school – Adam Smith –T.R. Malthus – D Ricardo – J.S Mill – J.B. say.
Unit III 12
Role of Socialism – Karl Marx – Different schools of Socialism, utopian – Christian – Fabian – Syndicalism – Guild Socialism
Unit IV 12
Historical school – List – Veblen and institutional school – Marginal school and
Austrians School
Unit V 12
Indian Economic Thought - D. Naoroji – Rajaji– Gokhale – M.K Gandhi – B.R. Ambedkar – E.V.R Periyar
Total Hours: 60
REFERENCE
1. E. Roll – History of Economic Thought.
2. A. Grey –Development of Economic Doctrines.
3. L.H. Haney – History of Economic Thought.
4. Dr. Shanmuga Sundaram – Indian Economic Thought Development and Policies.
5. V.B.Singh - From Naoroji to Nehru.
6. Srivatsava – History of Economic Thought
7. T.N. Hajela - History of Economic Thought
8. Sankaram . S – A History of Economic Thought
Course outcomes
CO1
Aware of nature and scope of economic thought
CO2
Knowledge about classical economists, Adamsmith, Malthus,
Recardo J.S.Mill, and J.B Say
CO3
Knowledge on socialism and different schools of socialism
CO4
Able to distinguish between Historical school, Institutional
schools and Marginal schools
CO5
Aware of Indian economic thoughts – Nehruji, Gokhale,
M.K. Ghandhi, B.R. Ambethkar and E.V.R. Periyar
Paper 4
LABOUR ECONOMICS
Objective : To study the labour issues with reference to Indian scenario and labour relations in India (Employability)
UNIT – I 12
Introduction - Labour Economics – Meaning – Definition – Concept – Nature, Scope and
Importance – Labour as a unique factor of production
UNIT – II 12 Labour Market - Concept of labour Market and its features –Determinants of the supply
and the demand for labour – Organized and unorganized labour - Major issues in the Indian
Labour market – labour absenteeism and labour turnover – Labour Productivity in India
UNIT – III 12 Trade Union - Meaning – Definition – Labour movement and the trade union – Origin
and growth of trade union – Functions and role of trade unions
UNIT – IV 12 Wage – Methods of Wage Payment – theories of wages – Wage fund theory –
Subsistence theory of wages – Marginal productivity theory of wages – exploitation theory of wages – bargaining theory – demand and supply theory – Wage policy – objectives and importance – Minimum Wage – Fair wage – Living wage
UNIT V 12 Labour Unions in India- Growth, Pattern, Structure and Achievements of Labour Union
in India - Causes of Industrial Disputes and their settlement and preventive mechanism - Social
Security – Meaning – Significance – Need for social security – Growth and Development of
Social Security in India - Labour Market reforms Total Hours: 60
Reference: Jiwitesh Kumar Singh, (1998), Labour Economics – Principles, Problems and Practices. Deep and
Deep Publications Pvt Ltd, New Delhi.
Bhagoliwal T.N (2000), Economics of Labour and Industrial relations. Sahitya Bhavan, Agra.
McConnel C.R. and S.L. Brue (2002), Contemporary Labour Economics, McGraw Hill, New York.
Mittal and Sanjay Prakash Sharma (2000), labour Economics, RSBA Jaipur
Course outcomes
CO1
CO2
CO3
CO4
CO5
Aware of nature and scope of labour economics
Aware of labour market and its features.
Knowledge on growth, functions and role of trade unions
Aware of theories of wages
Knowledge on Social Security System
Paper 5 HEALTH ECONOMICS
Objective : To understand fundamental elements of health economics and demand and supply of healthcare products and services and health policies (Skill Development)
UNIT-I 12
Health Economics-Definition and Scope- Health Indicators-Birth Rate -Death Rate-Fertility Rate-Mortality-Morbidity- Disability-Life style Status.
UNIT-II 12
Determinants of health – Components of Health Programmes Spatial Distribution of Health Care Facilities- Pricing of Health Services -Multiple Services of a Hospital.
UNIT-III 12
Demand for Health and Health Services- Health Insurance- Need for Health Insurance for the poor, disabled and aged- Demand for Medical Care- Consumer Incentive in Health Care-
Inter-Relationship between nutrition-Health and Education.
UNIT-IV 12
Health Education- Health awareness- Indian System of Medicine- Siddha-Homeopathy-Unani and Ayurveda- Public Expenditure on Health- Resource allocation in Health Sector-
Medical Tourism- Impact on Indian Economy.
UNIT-V 12
Provision of Health Services by the government -Private benefits and cost of providing health services- - Village Health Sanitation and Nutrition -Family Planning - A Review of Indian
National Health Policy in providing health care and financing of Health Services.
Total Hours: 60
Books References:
Dr.D.Amutha – Health Economics
Pushpalata Pattnaik- Health Economics
Jay Bhattacharya- Health Economics
Frank A. Sloan – Health Economics
James W.Henderson- Health Economics
Course outcomes
CO1
Aware of nature and scope of health economics
CO2
Knowledge about determinants of health
CO3
Knowledge on demand for and supply of health care products and services
CO4
Aware of health education and their importance
CO5
Familiar with National health policy and financing health services
Paper 6
PROJECT MANAGEMENT
Course Objective: To initiate students into the starting of a project and to help them to
execute the project successfully. To give theoretical knowledge for a rich experience. .(skill Development)
Unit I Introduction: 12
Project – Meaning – definition – Characteristics of project – scope of the management – Benefits of project management.
Unit II Project selection: 12
Macro parameters in project selection, Different consideration for project under private, public and joint sector
Unit III Project Appraisal 12
Project appraisal – different types of appraisal – technical, economic, organizational,
managerial, commercial and financial
Unit IV Project financing 12
Project financing - pattern of financing – sources of finance - impact of taxation, public loans small savings.
Unit V Project Administration (CPM) 12
Project administration – progress payment – expenditure planning, project scheduling and network planning use of Critical Path Method (CPM)
Total Hours: 60
Text book:
1. C.B. Gupta, “Project Management”. A.P.H Publishing Corporation, New Delhi, 2000
Reference Book: 2. Judith Dwyer, Pauline Stanton, “Project Management”, Valerie Thiessen, First
published in 2004.
Course outcomes
CO1
Familiar with nature and scope of project management
CO2
Knowledge about Project evaluation
CO3
Knowledge on Project finance
CO4
Aware of Project administration and practice
CO5
Familiar with procedure of project selection
Paper 1
FISCAL ECONOMICS -II
Objective : To understand classification of public debt and different types of budget
Employability
UNIT – I
12
Definition, Classification, Sources of Public debt; Redeemable and Irredeemable Debts-Funded and Unfunded Debts - Management of Public Debt.
UNIT – II 12
Meaning and Definitions of Budget; Importance of the Budget –Budgetary Policy, Balanced and Unbalanced Budget – Zero Base Budgeting in India.
UNIT – III 12
Principles of Federal Finance- Conflicts between the Centre and the States in Federal Finance- Finance Commissions – Acceptance of Recommendations of the Eleventh and Twelfth
Finance Commission
UNIT – IV 12
Fiscal Policy – Objectives – Components of Fiscal Policy- Instruments of fiscal policy-deficit financing policy-Railway finances since 1924-25 – Financial Results of Railways.
UNIT – IV 12
Local Finance- GRAM Panchayts ( Village Panchayats) – Municipalities – Finances of
Local Bodies – Non – Tax Revenue – Abolition of Octroi Duties – Causes for Abolition of Octroi.
Total Hours: 60
Books for Reference:
1. Sundaram .K.P.M: Fiscal Economics24. Cauvery & Others: Fiscal Economics.
2. Bhatia: Public Finance.
3. Chellaiah .R: Fiscal Policy in under developed Counties.
4. U.R.Hicks : Public Finance.
Course outcomes:
CO1
Aware of sources and classification of public debts
CO2
Knowledge about different types of budget
CO3
Knowledge on central-state relations
CO4
CO5
Familiar with objectives and tools of fiscal policies
Aware of local finance and problems of local bodies
Paper 2
MACRO ECONOMICS – II
Objective: To understand the Keynesian issues in economics like General Equilibrium, ISLM and
Income and Employment determination. skill Development)
UNIT – I 12
Keynesian Theory of Income Determination – Concepts and Functions – Income
Determination in a Two Sector Model – Static and Dynamic Multiplier
UNIT – II 12
Post-Keynesian theories of Demand for Money – Baumol’s approach to Transaction
Demand for Money – Tobin’s theory of Speculative Demand for Money – Friedman’s
Quantity theory of Money
UNIT – III 12
General Equilibrium – Meaning – Product and Money Market – The IS-LM model in a
Two sector Framework – Don Patinkin’s analysis
UNIT – IV 12
Post-Keynesian Macro Economics – Aggregate Demand – Supply Model – The Modern
Monetarism – Keynesian vs Monetarist Debate – The New Classical Macro Economics –
The Supply side Economics
UNIT – V 12
Macro Economic Policies – Meaning and Scope - Objectives of Macro Economic Policy-
Objectives and Instruments of Monetary and Fiscal policies – Limitations of Monetary
and Fiscal Policies
Books for References
1. M.L. Jhingan – Macro Economics
2. H.L.Ahuja – Macro Economics Theory and Policy
3. Chandana Ghish & Ambar Ghosh – Macro Economics
4. Olivier Blanchard – Macro Economics
5. D.N. Dwivedi – Macro Economics – Theory & Policy, Tata Mcgraw Hill Publishing
Company Ltd.
Course outcomes
CO1
CO2
CO3
CO4
CO5
Aware of general equilibrium and ISLM model
Knowledge on Don Patinkin’s analysis and Boumal’s approach and
Tobin’s analysis
Familiar with causes and types of inflation
Knowledge on Phillip’s curve
Familiar with objectives and tools of macroeconomic policies
QUANTITATIVE ECONOMICS
skill Development)
UNIT – I
Introduction to Quantitative Economics – Meaning and Scope – Variables, Constants and
Functions – Meaning, Types of Variables, Major Macro Economic Variables – Estimation
of GNP, National Income, Investment, Savings and Consumption
UNIT – II
Rules of Differentiation and its application in Economics – Constant Factor Rule – The
Sum Rule – Subtraction Rule - The Product Rule and Quotient Rule – Cost and Revenue
Functions – Estimation of TC, AC, MC, TR, AR, MR and the Estimation of Profit.
UNIT – III
Matrix and its application in Economics – Meaning and Types – Raw Matrix, Column
Matrix, Rectangular Matrix, Square Matrix, Diagonal Matrix, Scalar Matrix, Identity
Matrix, Triangular Matrix, Null or Zero Matrix – Properties of Matrix Multiplication – (1)
AB = BA, (2) (AB) C = A (BC), (3) A (B + C) = A.B + A.C – Introduction to Wassily
Leontief input output analysis.
UNIT – IV
Regression and Correlation – Meaning and Estimations – Difference between Regression
and Correlation – Application in Economics
UNIT – V
Introduction to Econometrics – Meaning, Scope and Limitations – Assumptions of OLS
Method – Estimation of α and β with two variable model.
Books for Reference
1 L.M.T Stafford – Mathematics for Economist
2 S.P.Gupta - Statistical Methods
3 Damodar N. Gujarati –Basic Econometrics
CO1 - Basic understanding on macroeconomic variables and its types
CO2 - Knowledge about differentiation and its uses in economics
CO3 - Knowledge about matrix analysis
CO4 - Understanding the concepts of Correlation and Regression
CO5 - Knowledge on basic elements of Econometrics.
INTERNATIONAL ECONOMICS Objective: To understand fundamental elements and need for International Trade
(Employability) UNIT – I
International Trade - Definition – Need – Types of International Trade – Difference
between Internal and International Trade – Importance of International Trade in Global
Context
UNIT – II
Theories of Foreign Trade – Absolute, Comparative and Equal Cost Differences (Adam
Smith, Ricardo, Haberler’s, and Heckscher and Ohlin’s Theories only)
UNIT – III
Balance of Payment and Balance of Trade – Meaning – Causes of Disequilibrium –
Exchange Rates – Fixed and Floating Exchange Rates and their merits and demerits.
UNIT – IV
International Trade Policies – SAARC – BRICs – South-South Co-operation
UNIT – V
International Trade and Financial Organisation – WTO, IMF and World Bank and their
objectives and role of Foreign Trade and economic development of developing countries.
References
1. Robert, J, Thomson – International Economics (2008).
2. Dominck Salvatore, International Economics, Tata Mcgraw – Hill Publishing Company
Ltd, 2005.
3. Peter B. Kenen, International Economics, Cambridge University Press, 1996.
Course Outcome:
CO1 - Aware of the gains of International Trade
CO2 - Knowledge about theories of International Trade
CO3 - Knowledge on BOP and BOT
CO4 - Aware of objectives of SAARC, BRICs and South-South Co-operation
CO5 - Aware of WTO and role of IMF and World Bank
Paper 5 ENVIRONMENTAL ECONOMICS
Objective : To know the importance of environmental factors which influencing the economy
and to understand the concepts of global economy, environmental pollution and Green house
effect (. Skill Development)
UNIT- I Definition- Role and Significance of Environmental Economics 12 Introduction- Economics and Environment- Definition and role of Environmental
Economics- Scope and significance of Environmental Economics- Integration of Conservation and Development.
UNIT- II Energy Economics 12 Energy- Sources of Energy- Classification- Renewable non-renewable sources of energy-
Conventional and non- conventional energy sources- Direct and Indirect- Patterns of energy
consumption- Atomic energy- Energy policy and Environmental quality.
UNIT- III Global Warming and Green House Effect 12
Global Warming- Effects- depletion of Ozone Layer- Green House Effect-Contribution
of India towards global warming- Programmes in India- Climate change conservation.
UNIT- IV Environmental Pollution 12 Introduction- Classification of Pollution- Air Pollution- Water Pollution- Noise Pollution-
Land Pollution- Soil Pollution- Industrial pollution, Identification of Sources- Control of Pollution.
UNIT- V Population and Urbanization Impact on Environmental Quality 12
Malthusian Prediction- Increase in Population- Effects of over population and Urbanization- Problems and Impact- Indian Environmental Policy and performance. Total Hours: 60
Books of Reference Dr. Karpagam -Environmental Economics
Pearce. G.W- Environmental Economics
Kneese, A.V. – Economics of Environment Burrows Paul- The Economic Theory of Pollution Control
Course outcomes CO1
Aware of nature and scope of environmental economics
CO2
Knowledge about sources and classification of energy.
CO3
Knowledge on Global warming and climate change and their effects
CO4
Aware of different types of pollutions
CO5
Aware of Indian environmental policies and performances
Paper 6 VELS INSTITUTE OF SCIENCE, TECHNOLOGY AND ADVANCED STUDIES
DEPARTMENT OF ECONOMICS
B.A ECONOMICS DEGREE
Project work
(. Skill Development)
Regulation for Project Work and Viva-Voce Examination
I. Each student has to undertake a project individually.
II. Maximum 8 students under the supervision of a faculty.
III. The students must undergo project work in the V semester vacation in any of the
private and public limited companies.
IV. The candidates should submit the consent certificate from the organization for
having undertaken the project work.
V. The project report must be typed and hardbound.
VI. The project work must be submitted at the end of VI semester.
VII. Failure to submit the project report or failure to appear at the Viva-voce
examination will be treated as “Absentees” in the Examination and the absentees has
to submit the Project Report and appear at the viva-voce examination in the
subsequent years.
VIII. No marks will be allotted on the project report, unless a candidate appears at the
Viva-voce Examination and submits his/her Project report.
IX. Evaluation of the Project work to be done jointly by one internal expert and one
external expert with 40 – 60 weightage.
X. A Candidate has to qualify in the Project Work individuality and the minimum
marks to qualify in the project work is 40% (Report + Viva-voce)
XI. Marking scheme for the Project Report and Viva-voce Examination:
Project Report – 40 marks
Chapter 1: Introduction – 10 marks
Chapter 2 : Conceptual framework/ Review of Literature – 10 marks
Chapter 3 : Analysis and Interpretation – 10 marks
Chapter 4 : Conclusion, Findings & Recommendations – 10 marks
Evaluvation Procedure for Viva- Voce (60 marks)